https://www.taxtmi.com/caselaws?id=328323 The Tribunal allowed the appeal, ruling in favor of the assessee on both issues concerning the validity of the notice under section 148 for income escapement and the addition of share capital as undisclosed income. The Tribunal emphasized the importance of meeting the burden of proof under section 68 and highlighted the necessity of cross-examination in such cases. The additions made by the Assessing Officer were deleted based on the Tribunal's findings that the assessee had fulfilled the primary onus and that there were violations of natural justice due to the lack of cross-examination. en-us Mon, 25 Apr 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328323 The Tribunal allowed the appeal, ruling in favor of the assessee on both issues concerning the validity of the notice under section 148 for income escapement and the addition of share capital as undisclosed income. The Tribunal emphasized the importance of meeting the burden of proof under section 68 and highlighted the necessity of cross-examination in such cases. The additions made by the Assessing Officer were deleted based on the Tribunal's findings that the assessee had fulfilled the primary onus and that there were violations of natural justice due to the lack of cross-examination. Case-Laws Income Tax Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328323